NEW YORK, July 16, 2014 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of ZipRealty, Inc. ("ZipRealty" or the "Company") (NASDAQ: ZIPR) concerning the proposed acquisition of the Company by Realogy Holdings Corp. ("Realogy").
Under the terms of the transaction, Realogy will purchase ZipRealty in a transaction valued at approximately $166 million. ZipRealty shareholders will receive $6.75 cash for each share of ZipRealty owned.
Our investigation concerns whether the ZipRealty board of directors is fulfilling its fiduciary duties, maximizing the value of the Company, disclosing all material benefits and costs, and obtaining full and fair consideration for Company unit holders.
If you own ZipRealty shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:
Benjamin I. Sachs-Michaels, Esq.
Robert I. Harwood, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.
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SOURCE Harwood Feffer LLP